This is a modern coin produced in sterling silver (92.5 percent pure) with a small gold cameo inlay. There is no significant gold in the piece, so value comes solely from the silver content. A good write-up on these coins, including the somewhat infamous history of Pitcairn Islands, appears on the Chard 24 Carat web site.

The coin contains 0.841 troy ounces of silver. At today's price of about $17 US dollars per troy ounce, the coin is worth 0.841 x 17 = $14 US dollars. Be sure to look up the price of silver, because it changes every day.

The Royal Mint produces these as proof coins made only for collectors. Normal circulation coins for Pitcairn Island are those of New Zealand. Special packaging and limited mintage may add a few dollars to the value of these coins, but not much. The primary value comes from silver content.